Prosecutors urged a New York federal judge to reject requests by convicted Galleon Group founder Raj Rajaratnam's brother to exclude trial evidence over his alleged role in a scheme to trade on tips from technology industry insiders, saying Wednesday that the evidence is central to the charges.
The second- and third-largest U.S. tobacco companies could merge in a complicated, three-way deal backed by British American Tobacco, while Apax Partners may sell Travelex to the owner of the UAE Exchange for $1.7 billion.
The Eleventh Circuit on Thursday vacated former Lancer Group fraudster Laurence Isaacson's three-year and $8 million sentence for his involvement in a $200 million securities fraud, affirming his conviction but ruling a district court erred in enhancing the sentence and now must resentence Isaacson.
Nordic private equity firm EQT Partners made the unusual move of selling an investment company from one of its funds to another on Wednesday, raising questions as to motivation and valuation with the rare deal.
A real estate company asked a Texas judge on Tuesday to force a former enforcement chief for the U.S. Securities and Exchange Commission who works for Andrews Kurth LLP to testify in a $10 million malpractice trial, about whether the law firm hid Stanford Financial Group’s infamous Ponzi scheme.
A Tokyo tower could fetch more than any property in the city has gotten since the downturn, while UC Davis is in talks with a Netherlands lender and Sam's Club's Dallas development is said to be clear of zoning issues.
Morgan Stanley learned Thursday it could not move or dismiss a lawsuit over allegations that a new employee brought secret client information from a PNC Bank NA unit, when a Pennsylvania federal judge said the revised complaint in the suit passed muster.
An activist investor angry over Darden Restaurants Inc.'s $2.1 billion plan to sell its Red Lobster unit to a private equity firm on Thursday called for the ouster of the company's board, saying a complete overhaul is needed to rein in the company's management after several slow-going years.
Texas-based asset manager Helios Capital Power LLP on Wednesday pressured New York regulators for a quick decision on its bid to restart a shuttered 500-megawatt coal-fired plant in the Hudson Valley, arguing they should not wait any longer beyond the expiration of a public comment period.
A former director at vitamin company NBTY Inc. and four members of his family circle have agreed to pay more than $500,000 to settle claims they benefited from insider trading tips ahead of the company's 2010 sale to The Carlyle Group.
Hess Corp. said Thursday it would sell its sprawling gas station network to rival Marathon Petroleum Corp. in a $2.9 billion deal, one of the largest to date in an ongoing slimdown set in motion by activist hedge fund Elliott Management Corp. last year.
Cadwalader Wickersham & Taft LLP asked a New York state court on Monday to rule in its favor in a long-running suit brought by Nomura Asset Capital Corp., saying the company failed to show the law firm had ignored potential “red flags” in issuing an opinion on securitized mortgage loans.
The founder of Lipper & Co. Inc. on Wednesday urged a New York appeals court to revive claims that PricewaterhouseCoopers LLP’s negligence contributed to harm suffered by the hedge fund manager after the funds' portfolio manager was convicted of securities fraud, saying the claims are not derivative in nature.
Attorneys for a hedge fund that wisely bought a $230 million claim in the Bernard L. Madoff liquidation urged the Second Circuit on Wednesday to uphold the transaction, saying the Chapter 15 representative of a bankrupt Madoff feeder fund can't void the sale based on "seller’s remorse."
A U.S. trustee on Tuesday asked a Delaware federal bankruptcy judge to force clients of Fried Frank Harris Shriver & Jacobson LLP including Vornado Realty Trust to cough up documents related to the firm's role representing them as creditors in Massachusetts-based clothing retailer Filene's Basement's Chapter 11 case.
Butler Snow has bolstered its tax, estate planning and software licensing practices with the addition of former Adams and Reese LLP counsel Joseph B. Walker as the newest partner in its Memphis office, the firm announced Wednesday.
Edison Mission Energy on Tuesday announced a settlement with its retirees that allows the company to pay off their claims for $22.9 million, less than a third of what the retirees have demanded, and unload obligations to pay their benefits.
An asset protection company owner convicted of defrauding investors in a $7 million pump-and-dump scheme on Wednesday told the Eleventh Circuit that the trial court should not have allowed improperly obtained evidence from the company's offices in Costa Rica.
Hedge fund Magnetar Financial LLC has launched a suit in Germany alleging McKesson Corp. unfairly offered a higher per share proceed to a single Celesio AG shareholder in McKesson's takeover of Celesio, Magnetar said Wednesday.
A U.S. Tax Court judge on Wednesday rejected the Internal Revenue Service’s attempt to net a quick win in a case over how the IRS should value a Bernie Madoff-managed account that allegedly wasn't worth what the account owner had reported to the agency.